Saskatchewan Mutual Insurance Company Car Insurance Review

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Saskatchewan Mutual Insurance Company Overview

company

If you are someone who lives near Saskatchewan, you might be interested in getting insurance through Saskatchewan Mutual Insurance Company. This insurance broker offers a wide range of insurance products for its customers and has been around since 1908. The company is privately owned without shareholders and is headquartered out of Avenue North Saskatoon. The company actually used to be called Saskatoon Mutual Fire Insurance Company before its name change in 1992. Saskatchewan Mutual Insurance has done pretty well for itself over the years and to give you an idea of just how much they have grown, in 2015, the company made a total profit of $1,817,000. This ranked Saskatchewan Mutual Insurance Company 73rd among insurance companies in Canada, which is definitely nothing to be ashamed of.

Products Offered by Saskatchewan Mutual Insurance

offered

One of the main reasons why you might be interested in getting insurance through Saskatchewan Mutual Insurance Company is due to the large portion of products that they have to offer. The matter the type of business or personal matter that you have, you should be able the insurance through Saskatchewan Mutual Insurance Company. To help you be able to decide this insurance company has the things that you need, here is a list of the many different products that they currently have:

  • Commercial insurance
  • Farm insurance
  • Automobile insurance
  • Personal insurance

Saskatchewan Mutual Insurance Company Car Insurance Review

One of the best ways to be able to decide if an insurance company has the things that you want and need is to look to see how much business they do. Knowing how much business the company does will help you to be able to decide whether or not to look at the company as a business that doesn’t have customers generally doesn’t have insurance policies that you want to look at. The more business and company does, the more likely it is that they have a product that suits your needs. Saskatchewan Mutual Insurance Company does quite a bit of business in Canada. In fact, in 2015, the company had a total written auto premium of $10,982,000. This number is by no means small as it stands for the amount of money that the company collected before it had to pay out any claims.

Saskatchewan Mutual Insurance Company Car Insurance Products:

Loss of use:

If you happen to get into an accident and your vehicle isn’t in drivable condition, you can get insurance coverage. Loss of use coverage is designed to cover your transportation costs. The policy will cover rental costs for a vehicle as well as public transportation costs. Before choosing whether or not to pick up this coverage, you might want to consider the fact that your car could potentially take weeks to repair. Rental cars are by no means cheap and neither is public transportation.

Depreciation coverage:

If you happen to buy a new vehicle or lease one and want to protect yourself against depreciation, you can get this coverage. This coverage will protect you against depreciation in the event that you get into an accident. If your vehicle is totaled, Saskatchewan Mutual will replace it for its full value. The same goes for repairing your vehicle if you have this coverage. The company will pay for any expensive repair using OEM parts and with OEM parts quality is never a problem. Depreciation coverage will protect your investment and you won’t have to worry about repeat incidents. The best part about getting this kind of insurance through Saskatchewan Mutual Insurance Company is the fact that the company offers this policy on vehicles that are up to 36 months old.

Liability:

With Saskatchewan Mutual Insurance Company you can get a huge variety of different amounts of liability coverage. You have the option of being able to choose and pay for insurance covering between one and five million dollars. This is substantial coverage and is more than likely going to be enough to cover a lawsuit. Another great thing about getting insurance through this company is that you can also reduce your deductible over time. If you have a clean driving record and want to reduce your insurance premium, you can simply ask. However, it is important to remember that you will be on the hook for more money if an accident occurs.

Broker:

Many insurance companies now operate solely online. Saskatchewan Mutual Insurance Company offers its customers service at their broker locations. The biggest benefit of this is that it makes it super easy to be able to ask questions. It also makes it so that if you have any problems with your insurance, you can go to your local broker location and fix your problems as soon as possible. A broker is also very good for giving you quality insurance policies at a reasonable price tag. Since they have so many different insurance options available to offer you, it is definitely worth considering.

Saskatchewan Mutual Insurance Company Total Sales/ ranking by province

ranking

Choosing an insurance company is not as easy as looking at their policies. It is important to also look to see the popularity of insurance companies in your area before choosing one. In order to do this, one of the best ways is to look at direct written premiums. To be more accurate, you should look at how much the company collected in your province. This is a good way to see if the company actually has policies that suit the needs of your province and to see if the company actually has locations that are easy to visit, allowing customers to be able to get policies through them. Without further or do, here is a table that we came up with showing the direct written premiums by province for 2015 and how the company ranked within the top 30 insurance companies in each of the provinces:

Province:Direct Written Premiums 2015Ranking on Top 30
NewfoundlandN/AN/A
Prince Edward IslandN/AN/A
Nova ScotiaN/AN/A
New BrunswickN/AN/A
QuebecN/AN/A
OntarioN/AN/A
Manitoba1,749,0002
Saskatchewan9,232,0003
Alberta1,000N/A
British ColumbiaN/AN/A
Yukon TerritoryN/AN/A
Northwest TerritoriesN/AN/A
NunavutN/AN/A

Resources:

https://www.saskmutual.com/products/automobile-insurance/

https://www.saskmutual.com/fileadmin/user_upload/forms/auto1.pdf

https://www.saskmutual.com/about-smi/history/